October 2015, Vol. 242, No. 10

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North Dakota Taxable Sales Plummet as Rig Count Faulters

BISMARCK, N.D. (AP) — North Dakota’s taxable sales and purchases dropped more than 16% during April, May and June compared to the same quarter a year ago because of a decline in activity in the western oil patch. It is only the second such quarterly decline since 2009, but officials say they’re not surprised nor too concerned given the tremendous growth in taxable sales and purchases the state has experienced in recent years. “Hopefully this is just a short-term situation,” said Mike Rud, president of the North Dakota Retail Association. “We weren’t going to keep running at levels we were running at anyway.” The state recorded $5.9 billion i

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